Pay off Debt or Conserve Capital

[Dean S.]

Pay off some credit card debt or hold on to Capital

[George C.]

@Dean S. I agree with the perspectives given already on this forum. I'll just add that it's important to maintain as strong a credit score as possible which means paying your bills and paying down the balances. Maintaining a strong score provides you with flexibility to obtain capital through lending sources.  I'm in hard money lending and the FICO credit score is always the first thing we check to verify lendability to a prospective borrower. Whereas cash reserves are also necessary but ultimately are more of a limitation on the size of the investment you can make (i.e for down payment money available).